Benefits of the Plan
Saving for college doesn't have to be an impossible test. The IAdvisor 529 Plan was designed to provide a means for Iowa families and friends to save for a child's college education while taking advantage of multiple tax and estate benefits.
A Flexible Way to Invest for College
The IAdvisor 529 Plan permits funding of up to $420,000 per beneficiary, from parents, grandparents, family and friends, to cover a wide range of qualified educational expenses at eligible higher education institutions.1
The IAdvisor 529 Plan offers federal and state tax-deferred growth and earnings. For Iowa residents, annual contributions of up to $3,239 per beneficiary per taxpayer may be deductible from Iowa taxable income in 2017 (adjusted annually for inflation).2
A Convenient Way to Invest
The IAdvisor 529 Plan offers three distinct ways to invest: 1) by age, 2) by risk level, and 3) by building your own portfolio.
Compare College Savings Options
Evaluate the IAdvisor 529 Plan vs. other college savings options.
1Eligible expenses must be related to enrollment or attendance at an eligible educational institution as defined by section 529 of the Internal Revenue Code. Eligible expenses may include but are not limited to tuition and fees, books, supplies, equipment and certain room and board. An eligible educational institution is any college, university, vocational school, or other post-secondary educational institution eligible to participate in a student aid program administered by the U.S. Department of Education. See www.fafsa.ed.gov for more information on federal student aid.
2If withdrawals are not qualified, the deductions must be added back to Iowa taxable income.